highlights • Total sales in the Greater Vancouver board area increased to 2,156 in February 2020, up 37% versus January 2020. This month-over-month increase was achieved across all home types: detached sales were up by 55%, townhomes by 25%, and condos by 31%. • Year-over-year sales rose by 45% overall in February 2020, with detached homes increasing by 52%, townhomes by 42%, and condos by 40% versus February 2019. • This being said, February’s sales in 2020 were 16% lower than the 10-year February average of 2,580. This was consistent across all home types, with detached 32% below the 10-year February average, townhomes 8% below, and condos 6% below.
sales THE RENNIE ADVANCE
FEBRUARY 2020
2,500
February
2,000
vs 10yr Feb Avg 32%
vs Feb 2019 52%
1,500
10yr Feb Avg 1,012
1,000
DETACHED sales
686
500
0
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
0 100 200 300 400 500 600 700 800
February
vs 10yr Feb Avg 8%
10yr Feb Avg 371
340
TOWNHOME sales
vs Feb 2019 42%
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2,500
February
2,000
vs 10yr Feb Avg 6%
1,500
10yr Feb Avg 1,135
1,064
1,000
CONDO sales
vs Feb 2019 40%
500
0
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
Copyright © 2020 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of March 2, 2020. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.
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